General Investing >> Analyst Interviews >> August 11, 2003

Investing In Reits: T.ferguson / S.rexroad – Ing Clarion Real Estate Securities

T. RITSON FERGUSON, Managing Director and Chief Investment Officer of ING Clarion Real Estate Securities, provides oversight of the firm's operations, oversees the day-to-day management of the portfolios and is a member of the Investment Policy Committee. Previously with Radnor Advisors and Trammell Crow Company, he has extensive direct investment experience, having been involved in all facets of the analysis, acquisition and management of commercial real estate before joining Messrs. Campbell and Kling in 1991 in forming what is today ING Clarion Real Estate Securities. Mr. Ferguson was formerly with Bain and Company as a consultant and served as a Captain in the U.S. Air Force as a computer scientist. He is an honors MBA graduate of Wharton (University of Pennsylvania) and holds a BS from Duke University (summa cum laude, Phi Beta Kappa). He is a member of the National Association of Real Estate Investment Trusts and its Institutional Investor Committee, and of the Financial Analysts of Philadelphia and the Association for Investment Management and Research. Mr. Ferguson is a holder of the Chartered Financial Analyst designation. Profile
SHERRY L. REXROAD, Senior Director of ING Clarion Real Estate Securities, is a Member of the Investment Policy Committee and shares responsibility for the day-to-day portfolio management of a concentrated 20-stock portfolio and for the Clarion CRA Hedge Fund. She is also responsible for evaluating the investment potential of public real estate companies. Previously with AEW Capital Management, she was a Vice President and Portfolio Manager in their Fixed Income and Capital Markets Group. She has more than 12 years' investment experience, including real estate equities, commercial mortgage backed securities (CMBS) and whole loans. Her background includes real estate management, construction management and the evaluation of public and private real estate companies. Prior to AEW, she worked for the Environmental Protection Agency where she managed the design and construction of a $40 million environmental science center and negotiated commercial leases. She joined ING Clarion Real Estate Securities in 1997. She holds an MBA from Wharton (University of Pennsylvania) and is a dean's list graduate of Haverford College. She is a member of the Financial Analysts of Philadelphia, the Association for Investment Management and Research, the National Association of Real Estate Investment Trusts and the International Council of Shopping Centers. She is a holder of the Chartered Financial Analyst designation. Profile
TWST: Would you begin with a brief overview of ING Clarion Real Estate

Securities and your respective responsibilities there?

Mr. Ferguson: ING Clarion manages about $2.1 billion of real